in the policy arena is legislation by senator brown of ohio to require banks to hold no more than 2% in their wholesale liabilities in relationship to gdp. and that's a number we need to think about that. other people have lot of other numbers. as dodd-frank demonstrates, these issues are imperfect. i think jerry comiss owe said that. this is tough. we can debate the size and the complexity issues, but we're in a difference world, so what to do now. and i think here we need the balanced regulatory framework i mentioned before, a few relatively simple things. the the dodd-frank framework, the basel framework, the global regulatory arena is very complicated with a lot of unintended, cross-cutting effects that i think about as, like, bumper cars. the studies that were discussed that my firm put out, um, were discussed a bit in the earlier panel try to take this on by looking at the array of major financial rules, mapping them out for both their key provisions, intended effects and unintended effects. we don't say all of these unintended or even perverse results will happen. we map them
